Guideline Value for SENTHAMZHIL NAGAR

Senthamzhil Nagar guideline value

The current guideline value of Senthamzhil Nagar, located in Kolathuvancheri village, is Rs 1,870 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Senthamzhil Nagar has changed

Over the years, the guideline value of Senthamzhil Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, an increase from Rs 1,700 per sq.ft in 2023, reflecting a change of +10%. Prior to that, the 2017 revision had the value at Rs 1,139 per sq.ft, which marked a significant increase of +49% from the previous figure of Rs 1,700 per sq.ft in 2012. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Looking at the overall changes, from 2012 to 2024, the guideline value has increased by +10%. The 2012 figure of Rs 1,700 per sq.ft decreased by -33% to Rs 1,139 per sq.ft in 2017, before rising in subsequent years.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 660 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning Senthamzhil Nagar's 2024 figure above this median.

• Senthamzhil Nagar 1st Cross Street: Rs 1,870 per sq.ft (2024)
• Senthamzhil Nagar 1st Main Salai: Rs 1,870 per sq.ft (2024)
• Senthamzhil Nagar 2nd Cross Street: Rs 1,870 per sq.ft (2024)
• Senthamzhil Nagar Extension: Rs 1,870 per sq.ft (2024)
• Shri Sai Nagar: Rs 1,650 per sq.ft (2024)
• Sivaramakrishna Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamzhil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total charges to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthamzhil Nagar?

Senthamzhil Nagar falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kolathuvancheri

The guideline value is a crucial factor during property registration in Kolathuvancheri, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consult the guideline value register to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Senthamzhil Nagar?

The current guideline value of Senthamzhil Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2023 to Rs 1,870 per sq.ft in 2024, and from Rs 1,139 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2012.

What is the registration office for Senthamzhil Nagar?

Senthamzhil Nagar is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for property in Senthamzhil Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total charges amount to Rs 1,68,300.

What is the land classification of Senthamzhil Nagar?

Senthamzhil Nagar is classified as Residential Class II Type - I according to the guideline value register.